Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    803 S Lexington Ave Covington, VA 24426

    For Sale
    $229,999

    Investment,Office,Retail - Covington, VA

    Lot size:
    0.54 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 803 S Lexington Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    Parking
    25
    Lot size
    0.54 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Flooring type
    Carpet, Laminate
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    All Stars Realty of Virginia LLC dba RE/MAX All Stars (540) 992-2525 [email protected]

    Listing agent MICHAEL TRANI (540) 992-2525

    Listing date Oct 15, 2025

    MLS# 910284 Listing URL

    Copyright © 2025 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Covington Commercial Investment Opportunity

    This commercial property in Covington, Virginia, presents an investment opportunity with two buildings situated on a 0.54-acre lot. The buildings offer potential for conversion into a mechanic's shop. The upper levels of the buildings have the potential to be converted into apartments or additional office space. Previously rented out until earlier this year, the property is located in Covington, VA, 24426.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Lacks Towing, Robby's Automotive, Deweys Automotive llc, Dad's Auto & Truck Repair, Dad's Auto & Truck Shop

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Covington
    State
    Virginia
    Longitude
    -79.9903662
    Latitude
    37.783836

    Nearby Similar for Sale

    • New
      $399,900
      6,470 SF

      Downtown Covington Commercial Landmark

      Remodeled 6,400 sq ft commercial space with endless possibilities.
      201 N Court Ave, Covington, VA 24426
      View Details
    • $325,000
      3,743 SF

      Downtown Covington Commercial Investment Property

      Commercial property in downtown Covington, Virginia, with investment potential.
      228 N Maple Ave, Covington, VA 24426
      View Details

    FAQs

    What type of property is this?
    Auto shop - Two commercial buildings with potential for multiple uses in Covington.
    Where is this auto shop located?
    The property is located at 803 S Lexington Ave Covington, VA.
    What is the asking price?
    The asking price for this property is $229,999.
    What are key features of this property?
    This property features: - Two commercial buildings included in the sale.; - Brick construction.; - Potential for conversion into a mechanic's shop.
    (540) 992-2525
    Request Owner's contact information
    803 S Lexington Ave Covington, VA 24426
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    803 S Lexington Ave
    Covington, VA 24426
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    803 S Lexington Ave Covington, VA 24426
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.